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3208 Sandfiddler Road – Recently Sold
Oceanfront beach cottage just sold on 7/16/2012 for $745000. (more…)
Save $7,400 Year on Beach House Flood Insurance Premium
Sandbridge, Virginia couple saves a bundle. On a recent listing appointment with a Sandbridge oceanfront homeowner the subject of Flood Insurance premiums came up. The property owner casually mentioned they paid about $8,000 per year for their flood insurance. They looked at my surprised expression and asked how much I paid. When I said under $700 they nearly fell off their chairs. I am happy to report they contacted a new insurance agent and are now paying $7,400 less per year for...
3324 Sandfiddler Rd. – Sold!
Oceanfront home in great location just sold on 6/14/12 for $920,000. (more…)
Sandbridge House Sales Double in July
Twice as many homes were sold in Sandbridge, VA. in July compared to July 2011. These results continue the record setting monthly trend. In addition to doubling the number of recorded home sales the Sales Price compared to List Price improved from 91% to 95%. Semi-Oceanfront houses were the market leader with 50% of sales occurring on the Oceanview side of Sandfiddler Road. Oceanfront houses had been the bulk of recent sales, this switch to semi-ocean is logical as buyers see...
Top 10 Tips for Buying a Beach House
1. Determine Why you want a Beach House 2. Select a Beach you can visit easily. 3. The land is worth more. 4. Select a local specialist. 5. Location, Location, Location 6. View the property through Goal Focused Lenses. 7. Narrow your Search 8. Explore expenses. 9. Look at your neighbors & your view. 10. Ask for Help. #1 - Purely personal use? Combo Rental & Personal? Potential retirement property? Ocean lover? Bay lover? #2 – Long weekend getaway retreat? How much driving time makes sense. #3 – The land value for a Beach house is...
Beach Houses as 401k Alternative to Stocks & Bonds
Lucky investors are tired of watching their retirement 401k accounts go no where. Not so lucky investors are tired of seeing these accounts shrink. Rental property can be a qualified investment for 401k funds. 2741 Sandpiper Road in Sandbridge, Va. is a great example of how attractive this can be. With an acquisition cost of $545,000 this beach house has positive cash flow of $34,000 per year. This is after operating expenses, insurance, real estate taxes are paid. This is...